Petiq, LLC 401(k) Review & Grade
Petiq 401(k) Plan
Eagle, IDWholesale Trade1,570 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,296Employer $ per active participant
$2,554Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$38.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 54th |
| Employee saving | 17th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Petiq put in about $1,296 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,033,992 |
| Participant (employee) contributions | $4,009,545 |
| Other contributions (incl. rollovers in) | $2,528,745 |
| Administrative expenses paid from the plan | $68,884 |
| Contract administrator fees | $39,836 |
| Investment advisory & management fees | $683 |
| Benefits paid out | $5,399,152 |
| Net assets, start / end of year | $29.9M / $38.3M |
| Active participants, start / end of year | 1,599 / 1,541 |
| Participants with account balances | 762 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $28,365 reported compensation |
| Empower Advisory Group, LLC | $683 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260806154640NAL0003114547001, received 2026-08-06, EIN 27-2951104, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.